American water works company, inc. (AWK)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

124,000

98,000

240,000

170,000

113,000

112,000

185,000

162,000

106,000

-1,000

203,000

131,000

93,000

101,000

148,000

137,000

82,000

99,000

174,000

123,000

80,000

93,393

152,185

109,299

68,123

59,429

150,665

101,263

57,643

55,478

153,812

107,026

41,754

64,848

137,422

81,110

26,233

40,154

124,114

72,751

30,808

Adjustments to reconcile to net cash flows provided by operating activities:
Depreciation and amortization

145,000

152,000

144,000

142,000

144,000

141,000

141,000

134,000

129,000

114,000

128,000

126,000

124,000

120,000

119,000

115,000

116,000

113,000

111,000

109,000

107,000

104,950

107,110

105,862

106,078

103,998

101,987

101,366

99,649

100,851

96,219

92,329

92,104

89,278

88,323

87,342

86,878

83,505

84,005

80,698

82,056

Provision for deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,919

-

103,310

62,484

29,446

3,439

94,308

63,024

39,669

50,867

75,048

29,589

39,990

6,676

69,497

34,410

42,177

Deferred income taxes and amortization of investment tax credits

38,000

45,000

78,000

50,000

35,000

53,000

60,000

49,000

33,000

198,000

127,000

73,000

64,000

52,000

91,000

87,000

65,000

76,000

109,000

93,000

34,000

41,921

103,785

108,643

-349

251,126

-1,877

375

376

-379

-380

-379

-380

386

1,927

-386

-385

2,731

-390

-389

-391

Provision for losses on accounts receivable

6,000

10,000

8,000

6,000

4,000

11,000

10,000

9,000

3,000

8,000

10,000

7,000

4,000

9,000

9,000

3,000

6,000

10,000

8,000

6,000

8,000

11,006

8,980

9,434

7,580

8,669

9,275

6,015

3,041

10,755

8,544

5,045

2,357

6,612

5,566

6,233

1,541

2,395

5,497

7,018

3,357

Allowance for other funds used during construction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,805

2,058

2,201

-

2,800

3,699

3,396

-

3,735

5,076

4,362

4,072

3,696

2,535

2,828

2,748

2,482

2,268

2,146

(Gain) on asset dispositions and purchases

0

-43,000

0

6,000

3,000

0

18,000

0

2,000

7,000

7,000

2,000

0

2,000

5,000

2,000

1,000

1,000

0

1,000

1,000

1,384

1

345

270

-471

-737

114

94

182

31

213

413

-346

1,635

-28

-268

55

-211

-26

71

Pension and non-pension postretirement benefits

-1,000

4,000

4,000

4,000

5,000

4,000

3,000

8,000

8,000

13,000

15,000

14,000

15,000

11,000

12,000

16,000

15,000

15,000

15,000

16,000

15,000

5,944

6,018

6,020

6,018

19,448

19,516

19,518

19,518

26,863

20,143

20,142

20,141

17,860

17,859

17,860

17,860

22,335

22,335

22,336

22,336

Other non-cash, net

18,000

-10,000

5,000

18,000

28,000

7,000

-29,000

-8,000

10,000

15,000

-11,000

32,000

18,000

-12,000

16,000

8,000

24,000

13,000

23,000

4,000

13,000

23,441

17,192

-36,257

9,624

13,264

-2,411

-1,693

-8,160

13,961

8,896

-18,536

-5,649

12,158

6,888

14,673

10,802

-22,054

29,008

1,065

1,014

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,711

-

2,454

4,420

2,042

2,921

3,286

2,995

2,268

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Receivables and unbilled revenues

4,000

-29,000

14,000

45,000

-5,000

-53,000

29,000

61,000

-20,000

-55,000

31,000

54,000

-51,000

-52,000

70,000

62,000

-49,000

-63,000

75,000

63,000

9,000

-15,281

23,536

57,052

-3,307

-29,062

43,387

83,450

-18,775

-72,383

33,540

86,021

-12,650

-20,828

10,942

70,775

-26,070

-57,281

33,891

73,403

-14,036

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-59,140

-

3,666

5,035

-37,278

36,549

-3,869

2,432

-45,684

52,209

343

11,516

-26,244

13,035

-8,442

20,162

-18,268

Taxes accrued, including income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,400

-17,062

21,729

-

8,188

-13,721

15,597

14,719

9,777

3,889

20,055

-13,015

1,709

-6,041

21,621

33,861

-2,584

-12,527

20,827

Taxes receivable, including income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,322

-

5,285

-3,315

3,543

1,779

1,993

2,520

-4,370

1,065

-3,309

-2,237

5,680

-6,394

2,321

-28,491

14,644

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,654

-

7,889

-7,504

12,803

-10,448

14,166

-10,533

12,038

-31,384

-2,875

17,465

18,099

-10,347

-2,356

-6,137

11,052

Pension and postretirement benefit contributions

10,000

8,000

9,000

7,000

7,000

11,000

11,000

0

0

12,000

13,000

12,000

11,000

11,000

14,000

14,000

14,000

17,000

14,000

13,000

13,000

16,217

14,350

10,719

10,714

20,336

18,171

29,727

29,766

33,374

33,445

22,164

40,427

51,909

62,815

23,203

48,803

26,518

50,380

22,579

37,780

Accounts payable and accrued liabilities

-91,000

82,000

31,000

40,000

-87,000

48,000

31,000

19,000

-73,000

60,000

24,000

26,000

-72,000

-124,000

162,000

7,000

15,000

11,000

119,000

-52,000

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities, net

9,000

-

8,000

24,000

13,000

-

-49,000

22,000

-5,000

-

-51,000

30,000

-27,000

-

27,000

3,000

49,000

-

-14,000

-6,000

12,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest accrued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,568

-

46,760

-46,570

47,291

-52,264

48,668

-45,869

43,818

-44,043

43,932

-44,064

42,758

-42,245

43,122

-43,938

43,807

Change in book overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,089

-

4,877

9,090

-21,960

-2,034

14,691

21,515

0

-

-

-

-

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,222

-

27,235

-89

-26,001

-35,352

50,958

20,620

-22,134

-9,595

9,847

14,751

-10,456

-4,400

9,863

3,529

-76

Net cash provided by operating activities

180,000

438,000

465,000

312,000

168,000

394,000

467,000

306,000

219,000

429,000

496,000

247,000

277,000

-

-

-

-

-

-

-

-

256,738

389,647

205,741

244,874

-

-

-

-

220,584

418,143

168,772

148,099

232,313

313,648

100,870

161,526

187,906

289,518

121,519

175,990

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

276,000

260,000

-

438,000

220,000

198,000

-

-

-

-

-

398,352

140,572

149,625

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures

408,000

539,000

403,000

386,000

326,000

450,000

397,000

375,000

364,000

470,000

362,000

332,000

270,000

383,000

331,000

313,000

284,000

369,000

312,000

253,000

226,000

291,129

263,090

209,315

192,466

315,025

235,145

216,744

213,086

248,217

204,057

242,934

233,366

302,918

230,148

215,381

176,411

243,546

194,811

184,597

142,682

Acquisitions, net of cash acquired

21,000

150,000

5,000

58,000

22,000

17,000

4,000

369,000

8,000

167,000

1,000

7,000

2,000

175,000

5,000

2,000

22,000

-

-

-

-

2,947

3,184

590

2,279

7,446

11,952

1,766

2,836

227

40

44,189

104

839

1,612

3,324

1,445

-28

98

1,044

528

Proceeds from sale of assets

2,000

31,000

1,000

1,000

15,000

2,000

26,000

1,000

6,000

6,000

5,000

4,000

0

4,000

3,000

1,000

1,000

0

0

4,000

1,000

13,196

139

422

243

251

169

300

280

1,644

85

98,635

461,375

2,928

387

6,499

158

89

51

12

87

Removal costs from property, plant and equipment retirements, net

23,000

33,000

30,000

23,000

18,000

26,000

21,000

20,000

20,000

25,000

23,000

15,000

13,000

22,000

18,000

27,000

17,000

33,000

28,000

32,000

14,000

26,041

20,593

20,906

10,460

15,361

19,213

19,705

10,721

18,495

13,972

13,707

10,927

14,219

14,877

15,441

8,597

15,425

11,174

11,186

5,910

Net funds restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,000

1,000

1,000

-

3,000

-1,000

7,000

-14,262

-3,561

2,585

238

-3,661

-6,448

-6,238

1,347

-68,295

-2,959

-2,259

-12,627

-8,652

-15,674

-18,410

-20,107

-18,063

-31,306

-3,371

-11,251

Net cash used in investing activities

-450,000

-691,000

-437,000

-466,000

-351,000

-491,000

-396,000

-763,000

-386,000

-656,000

-381,000

-350,000

-285,000

-

-

-

-

-

-

-

-

-292,659

-283,167

-232,974

-205,200

-

-

-

-

-197,000

-215,025

-199,936

229,605

-306,396

-230,576

-209,237

-166,188

-240,791

-174,726

-193,444

-137,782

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-342,000

-323,000

-

-478,000

-321,000

-246,000

-

-

-

-

-

-259,693

-231,677

-227,710

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt

8,000

339,000

7,000

1,182,000

2,000

3,000

1,340,000

5,000

10,000

13,000

1,362,000

20,000

0

-

-

-

-

-

-

-

-

-

-

-

-

401,263

1,359

0

1,378

300,700

0

358

14,372

160

75

11,977

298

106,018

161,348

92

1,101

Repayments of long-term debt

6,000

342,000

7,000

134,000

12,000

196,000

211,000

113,000

6,000

562,000

328,000

2,000

4,000

124,000

7,000

2,000

11,000

44,000

82,000

2,000

4,000

102,061

133,374

2,373

2,192

482,851

7,440

3,317

2,392

210,645

103,121

151,959

6,229

1,356

4,481

1,571

62,637

76,251

153,772

4,676

38,001

Proceeds from term loan

500,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from revolving credit facility borrowings

215,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings with maturities greater than three months

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

35,000

201,000

20,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of short-term borrowings with maturities greater than three months

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

35,000

221,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net short-term borrowings with maturities less than three months

139,000

313,000

77,000

-805,000

237,000

401,000

-1,087,000

468,000

278,000

801,000

-1,014,000

137,000

131,000

-101,000

1,000

110,000

211,000

250,000

-381,000

216,000

95,000

136,328

-388,459

99,211

193,920

39,550

-97,027

132,676

63,801

-27,874

-64,113

228,874

-347,951

91,481

-36,403

112,729

135,217

14,031

-70,430

95,836

53,592

Proceeds from issuances of employee stock plans and direct stock purchase plan, net of taxes paid of $11 and $6 for the three months ended March 31, 2020 and 2019, respectively

5,000

28,000

-7,000

-7,000

1,000

24,000

-2,000

-7,000

1,000

-6,000

5,000

6,000

10,000

-9,000

4,000

8,000

10,000

7,000

19,000

7,000

6,000

5,554

3,277

3,970

8,199

6,212

5,008

6,639

8,141

5,798

9,468

2,960

9,634

3,503

1,511

2,158

6,694

2,888

1,958

1,064

801

Advances and contributions for construction, net of refunds of $30, $22 and $22 in 2019, 2018 and 2017, respectively

7,000

10,000

7,000

7,000

2,000

6,000

8,000

3,000

4,000

5,000

11,000

5,000

7,000

0

4,000

5,000

7,000

6,000

7,000

8,000

5,000

4,707

12,892

7,043

1,358

5,514

2,625

5,756

5,105

9,727

5,462

8,900

7,820

6,531

4,574

6,082

5,111

2,067

4,454

3,691

-3,170

Change in bank overdraft position

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-14,242

-20,570

14,249

-5,700

15,117

-40,528

33,827

-13,536

22,078

-25,196

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

552

1,530

3,332

1,488

269

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,200

-

0

1,720

1,200

449

2,827

0

1,100

1,748

134

6

0

78

134

6

10

Dividends paid

90,000

90,000

90,000

91,000

82,000

82,000

82,000

81,000

74,000

74,000

74,000

74,000

67,000

67,000

67,000

66,000

61,000

61,000

61,000

61,000

56,000

55,152

55,458

55,422

49,968

49,446

49,810

49,744

0

88,436

44,080

40,529

40,414

40,392

40,358

38,580

38,525

38,476

38,457

36,689

36,679

Anti-dilutive share repurchases

0

0

0

0

36,000

0

0

0

45,000

0

0

0

54,000

0

0

3,000

62,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid related to employee stock plans

-

-

-

-

-

-

-

-

-

-

1,000

1,000

9,000

-

1,000

2,000

9,000

-23,000

3,000

1,000

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

890

1,705

219

2,029

241

-1

399

0

-

-

-

-

Net cash provided by financing activities

768,000

228,000

1,000

155,000

110,000

140,000

-52,000

472,000

166,000

188,000

-86,000

91,000

14,000

258,000

-66,000

52,000

84,000

49,000

-30,000

222,000

49,000

-15,243

-64,485

28,611

-35,883

121,288

-126,411

90,290

74,833

-17,682

-197,506

34,581

-382,409

72,669

-80,917

108,305

5,078

42,496

-111,901

79,902

-47,831

Net increase (decrease) in cash, cash equivalents and restricted funds

498,000

-25,000

29,000

1,000

-73,000

43,000

19,000

15,000

-1,000

-39,000

29,000

-12,000

6,000

26,000

-6,000

-14,000

21,000

-

-70,000

121,000

1,000

-51,164

41,995

1,378

3,791

-5,021

12,088

-815

-3,252

5,902

5,612

3,417

-4,705

-1,414

2,155

-62

416

-10,389

2,891

7,977

-9,623

Non-cash investing activity:
Capital expenditures acquired on account but unpaid as of the end of period

256,000

-10,000

51,000

10,000

184,000

-6,000

7,000

5,000

175,000

29,000

30,000

3,000

142,000

-11,000

15,000

1,000

166,000

29,000

3,000

58,000

134,000

22,947

47,926

5,663

109,464

9,193

24,918

13,434

81,455

40,904

24,432

18,028

75,755

-2,661

26,904

14,267

66,306

15,930

23,707

16,977

55,699

Advances and contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,534

3,526

-

2,698

3,925

2,756

3,094

2,997

5,006

1,182

7,148

6,329

4,205

5,822

6,092

5,073

8,847

7,554